Weatherford International (NASDAQ:WFRD) Stock Gets Price Target Trim from Piper Sandler

Weatherford International (NASDAQ:WFRD) had its price target reduced by Piper Sandler from $118.00 to $110.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts have also issued research reports about the company. Zacks Research lowered Weatherford International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. UBS Group lowered their target price on Weatherford International from $120.00 to $116.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Weatherford International in a report on Monday, October 12th. Barclays dropped their price target on Weatherford International from $151.00 to $148.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. Finally, Raymond James Financial dropped their price target on Weatherford International from $125.00 to $122.00 and set an “outperform” rating for the company in a research report on Friday, July 10th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Weatherford International has an average rating of “Moderate Buy” and an average price target of $115.29.

Weatherford International Stock Up 7.8%

Shares of NASDAQ WFRD opened at $85.49 on Monday. The firm’s 50-day moving average is $85.86 and its two-hundred day moving average is $92.31. The company has a market capitalization of $6.11 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. Weatherford International has a 12-month low of $65.13 and a 12-month high of $113.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.34 and a quick ratio of 1.77.

Weatherford International (NASDAQ:WFRD) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.33. Weatherford International had a net margin of 8.64% and a return on equity of 23.17%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the company posted $1.12 EPS. The company’s revenue was down 7.2% on a year-over-year basis. Equities analysts anticipate that Weatherford International will post 5.12 EPS for the current fiscal year.

Weatherford International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Friday, November 6th will be issued a $0.2750 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, November 6th. Weatherford International’s dividend payout ratio is 19.61%.

Insider Activity

In other Weatherford International news, Director Jacqueline Mutschler sold 4,094 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $90.50, for a total transaction of $370,507.00. Following the sale, the director directly owned 29,093 shares of the company’s stock, valued at $2,632,916.50. This trade represents a 12.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.07% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Weatherford International

Hedge funds and other institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC raised its position in shares of Weatherford International by 1.7% in the third quarter. Quadrant Capital Group LLC now owns 14,045 shares of the company’s stock valued at $1,084,000 after buying an additional 231 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Weatherford International by 9.8% during the third quarter. GAMMA Investing LLC now owns 2,405 shares of the company’s stock valued at $189,000 after buying an additional 214 shares during the period. Tidal Investments LLC boosted its position in Weatherford International by 19.3% during the second quarter. Tidal Investments LLC now owns 89,847 shares of the company’s stock worth $7,323,000 after acquiring an additional 14,537 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Weatherford International during the second quarter worth approximately $172,000. Finally, IFP Advisors Inc boosted its position in Weatherford International by 72.0% during the second quarter. IFP Advisors Inc now owns 313 shares of the company’s stock worth $26,000 after acquiring an additional 131 shares during the last quarter. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Weatherford International

Here are the key news stories impacting Weatherford International this week:

• Positive Sentiment: Weatherford reported third-quarter adjusted EPS of $1.66, surpassing the $1.33 analyst consensus and rising from $1.12 in the prior-year quarter. Revenue of $1.14 billion also modestly exceeded the $1.13 billion estimate. Weatherford Q3 EPS earnings flash
• Positive Sentiment: The earnings beat was driven primarily by the bottom line: EPS exceeded estimates by roughly 25%, while year-over-year earnings improved despite lower revenue. Reports also highlighted real cash-flow generation, supporting the quality of the results. Weatherford Q3 earnings and cash flow
• Positive Sentiment: The company maintained its quarterly dividend at $0.275 per share, equal to $1.10 annualized and a yield of approximately 1.3%. The dividend supports shareholder returns, although the upcoming ex-dividend date is November 6.
• Neutral Sentiment: Weatherford’s updated fourth-quarter and full-year 2026 revenue guidance were both generally in line with expectations: $1.3 billion for the fourth quarter and $4.7 billion for the full year. This offers limited evidence of an upward revenue revision but reduces the risk of a near-term outlook shortfall.
• Negative Sentiment: Third-quarter revenue fell 7.2% year over year, underscoring continued pressure on top-line growth even though the decline was expected.
• Negative Sentiment: Piper Sandler and Citigroup lowered their expectations for Weatherford’s stock price, potentially limiting investor enthusiasm despite the strong quarterly earnings performance. Piper Sandler lowers Weatherford expectations

Weatherford International Company Profile

Weatherford International plc is an energy services company that provides equipment, technology and services to the oil and natural gas industry. Its offerings support the life cycle of a well, from drilling and formation evaluation to completion, production, intervention and abandonment.

The company’s product and service portfolio includes drilling systems, well logging and evaluation tools, completion equipment, artificial-lift systems, production optimization technologies, well intervention services and digital solutions.